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Calculate the gnp per capital of the country

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Reference no: EM132837441

a) A newly industrialized country with a population of 40 million people, had its national income estimates during the year 2009 as follows:

                                   Value in Kshs (million)

Exports                                         250000

Consumption expenditure               624000

Investment                                   300000

Government spending                    416000

Imports                                        210000

Depreciation                                 10000

Net indirect taxes                          50000

Required:

a) (i) Calculate the GNP per capital of the country

ii) Outline limitations of using GNP pr capita in measuring the standard of living of accounts

b) Discuss five problems that are encountered in measuring National income in your country. 

Reference no: EM132837441

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